Three Things We Learned From Big Bank Q3 Earnings

Key TakeawaysLarge U.S. banks such as JPMorgan and Bank of America exceeded quarterly earnings expectations.Asset and wealth management divisions benefited from surging U.S. stock and bond markets.Most large banks increased their cushion for potential credit losses, a possible red flag for the U.S. economy. Large U.S. banks exceeded profit expectations in the third quarter. But most also set aside more money for potential credit losses, a possible warning sign for the economy. JPMorgan Chase (JPM), Wells Fa ...